Banking and Global Trade: Solutions - Part 1
Chemical Bank's International Business Center - which I led, once dominated global trade on both Long Island’s Nassau and Suffolk Counties. Chemical, Chase and Morgan merged and since then global business is no longer prized despite its being the world’s largest business and Long Island and America no longer lead in global business and global trade finance. There is little education at any level locally or nationally, of how valuable this enterprise is to jobs and economic development.?
In the Value of Everything, Mariana Mazzucato refers to a statement made by Oscar Wilde about cynics. "What is a cynic? A man who knows the price of everything and the value of nothing."
Dénouement
Job losses in high tech and the economic devastation wrought by the recent failures of Silicon Valley Bank and Signature Bank may signal to the willfully blind that their criticisms of globalization and government while embracing cryptocurrencies, plutocrats, autocrats and Othercrats is silly.?Maya Angelou explained the reason for this idolatry of mediocrity in America as well as rise of Trump with: They will forget what you said, they will forget what you did, but people will never forget how you made them feel. The neglected and marginalized of America felt cared for by Trump and responded with their appreciation and loyalty. Putin, also capitalized on the mythology of caring for the underdogs of Russia,?But, as Asimov noted:
and as Asimov noted of our False Patriotism:
I once led the teams that dominated global trade business on the Island of Harry Chapin and Joey Buttafuoco. I simultaneously led Marines assigned to block any Soviet incursion into the Fulda Gap, the traditional invasion route to Europe at Schleswig Holstein - in the North of Germany. I helped to not only create, but to execute the master plan to accomplish Chemical Bank's dominance of Long Island's global trade finance. These teams issued by Noon letters of credit when their applications were received by 10:00 AM. We financed the trans-Panamanian oil pipeline for Northville Industries
and most importantly, we kept our customers away from some of the biggest frauds in the history of Long Island, New York and America - for which we received the enduring gratitude of our clients.?
Strategy
As Peter Drucker stated:
Understanding the psychology and culture of the Long Island business person was an essential part of business development and still is. As to the misconception concerning the value of government in business and economic development, a Federal Reserve Bank Regulation provided the basis for much of our team's success. My background as an embarkation-trained U.S. Marine logistics officer served me well in understanding how to resolve many global logistics issues and frankly, provided the deep knowledge of the various strategies that impacted my education in global trade and global trade finance.
Education
Eleanor Roosevelt, wife of FDR and General George C. Marshall, recipient of the Nobel Peace Prize along with Dr. Albert Schweitzer, made a powerful impression on me about education. Eleanor Roosevelt awarded my mother a prize for poetry and Marshall’s Nobel Prize acceptance speech imbued in me the value of education as a solution for the prevention of war. Marshall’s example also taught me that without courage, discipline and perseverance, nothing of great value can be accomplished.?
Churchill enthused that there is no public opinion, there is only written opinion. For this reason, I have written over 2,480 articles in LinkedIn and will continue the process in appreciation for America, my family's country of refuge, and to "pay it forward" with what sets my soul on fire,